Bofa Forecast For Eurusd

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Bofa Forecast For Eurusd

Bofa: Eur/Usd To Touch 1.20 By 2026

Bank of America has issued a bullish forecast for the EUR/USD pair. According to BofA, the EUR/USD is expected to reach 1.20 by Feb 2026.

Back in June 2025, the EUR/USD refreshed 3 year highs at the 1.16 handle. However, the pair soon retreated and was then exchanging hands below the 1.1600 handle.

Eur/Usd Faces Resistance At 1.16

So for now, the 1.1600 is acting as the immediate resistance while the 1.1400 is the immediate support for the EUR/USD pair in the medium term.

Meanwhile, the analysts at UoB believe that the recent retreat in the EUR/USD will allow the pair to move higher. According to them, the medium term target for the EUR/USD is around 1.20.

The tensions in the Middle East and the recent uptick in oil prices have helped the US Dollar. That's one key reason why the EUR/USD went through the recent retreat.

In a sense, we can say that EUR/USD is now highly sensitive to the gas and oil prices. So, an increase in the prices of oil and gas will lend support to the US Dollar, which will send the EUR/USD lower.

The BofA also added that the EUR/USD pair is experiencing choppy trading along with an increased supply. All of these are warning signs for the Euro in the short term.

However, the long term view is still bullish for the Euro, which means the recent downturn will be short lived. They added that the pair is expected to move lower towards 1.1200 during the summer period.

However, the EUR/USD will then recover from the lows during the summer break and move towards 1.18. The next target after the 1.18 is the 1.20 handle.

According to BofA, the EUR/USD pair is expected to reach 1.20 by the start of the year 2026. So, based on these forecasts from the Bank of America, the EUR/USD is expected to experience a lot of volatility in the coming quarters.

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